{"id":815250,"date":"2025-02-19T18:16:23","date_gmt":"2025-02-19T23:16:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\/"},"modified":"2025-02-19T18:16:23","modified_gmt":"2025-02-19T23:16:23","slug":"bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\/","title":{"rendered":"BMO Announces Upcoming Redemption and Ticker Symbol Change for MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs (Ticker: FNGU) as well as the Launch of a New MicroSectorsTM Exchange Traded Note (“ETN”), the MicroSectorsTM FANG+\u2122 3\u00d7 Leveraged ETNs (Ticker: FNGB)"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n NEW YORK<\/span>
\n <\/span>, Feb. 19, 2025<\/span><\/span> \/PRNewswire\/ – Bank of Montreal<\/span> (“BMO<\/b>“) announced today (i) its intention to redeem all of the outstanding securities of its MicroSectorsTM<\/sup> FANG+\u2122 Index 3\u00d7 Leveraged ETNs due January 8, 2038<\/span>, CUSIP: 063679534 (the “FNGU ETNs<\/b>“); (ii) its plan to change the ticker symbol for the FNGU ETNs; and (iii) the launch of a new ETN, the MicroSectors\u2122 FANG+\u2122 3\u00d7 Leveraged ETNs\u00a0due January 23, 2045<\/span>, CUSIP:\u00a0063679385\u00a0(the “FNGB<\/b>\u00a0ETNs<\/b>“), which is expected to reuse the “FNGU” ticker symbol at a later date. \u00a0\u00a0<\/p>\n

The table below summarizes the announcements being made with respect to the FNGU ETNs and the FNGB ETNs.<\/p>\n

\n\n\n\n\n\n\n\n
\n

\n
\n ETN Title<\/b>
\n <\/span>\n <\/p>\n

\n \u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n CUSIP<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Current ETN
Ticker
Symbol<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Expected
ETN
Ticker
Symbol<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Expected
Call
Settlement
Date<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MicroSectorsTM<\/sup> FANG+\u2122 Index 3\u00d7
Leveraged ETNs<\/span>\n <\/p>\n<\/td>\n

\n

\n 063679534<\/span>\n <\/p>\n<\/td>\n

\n

\n FNGU<\/span>\n <\/p>\n<\/td>\n

\n

\n FNGA*<\/span>\n <\/p>\n<\/td>\n

\n

\n May 15, 2025***<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MicroSectorsTM<\/sup> FANG+\u2122 3\u00d7
Leveraged ETNs<\/span>\n <\/p>\n<\/td>\n

\n

\n 063679385<\/span>\n <\/p>\n<\/td>\n

\n

\n FNGB<\/span>\n <\/p>\n<\/td>\n

\n

\n FNGU**<\/span>\n <\/p>\n<\/td>\n

\n

\n N\/A<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n *Expected to be effective on March 3, 2025. <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n **Expected to be effective on June 2, 2025. <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n *** Subject to postponement in the event of a market disruption event.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the applicable ETN Prospectus (as defined below) for the relevant ETNs.<\/p>\n

\n Redemption and Ticker Change of FNGU ETNs<\/b>\n <\/p>\n

BMO intends to redeem all of the outstanding FNGU ETNs on the Call Settlement Date, which is expected to be May 15, 2025<\/span>. In anticipation of this redemption, BMO also plans to change the ticker symbol for the FNGU ETNs from “FNGU” to “FNGA,” which is expected to be effective at the open of trading on March 3, 2025<\/span> (the “ticker symbol change date<\/b>“). \u00a0<\/p>\n

The FNGU ETNs were launched in January 2018<\/span> with fees and charges that reflected the then-current market environment. BMO is redeeming the FNGU ETNs because the costs associated with supporting the leverage embedded in the FNGU ETNs have increased and, therefore, the existing fees and charges applicable to the FNGU ETNs no longer reflect the current market environment. BMO is changing the ticker symbol of the FNGU ETNs from “FNGU” to “FNGA” with the expectation that it will reuse the “FNGU” ticker symbol approximately 90 days after the ticker symbol change date (which is the required “cooling off” period under the NYSE Arca, Inc.’s (the “NYSE<\/b>“) guidelines) for its new FNGB ETNs.\u00a0<\/p>\n

Further details regarding the redemption of the FNGU ETNs are provided below.<\/p>\n

\n Launch of New FNGB ETNs<\/b>\n <\/p>\n

BMO launched today a new MicroSectors\u2122 ETN\u00a0linked to the gross total return version of the NYSE FANG+\u00ae<\/sup> Index (the “Index<\/b>“). The FNGB ETNs will start trading tomorrow on the NYSE under the ticker symbol “FNGB.” The FNGB ETNs are intended to offer sophisticated investors three times leveraged participation in the daily performance of the Index, before taking into account fees, charges and the decay effect caused by the daily resetting of the leverage. The FNGB ETNs are meant to replace the FNGU ETNs and provide investors continued access to an ETN with three times leveraged, daily resetting, exposure to the Index, but with fees and charges that reflect the current market environment.<\/p>\n

The Index, which is the same index that the FNGU ETNs are linked to, is an equally-weighted equity index that tracks the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors. The Index is a total return index, in which dividends paid on the applicable securities are included in the level of the Index. The ticker symbol of the Index is “NYFANGT”.<\/p>\n

Given the FNGB ETNs are meant to replace the FNGU ETNs and given the “FNGU” ticker is recognizable in the exchange traded product market for three times leveraged, daily resetting, exposure to the Index, BMO intends to reuse the “FNGU” ticker for the FNGB ETNs approximately 90 days after the ticker symbol change date. Once this change, for which BMO will issue another announcement, becomes effective, the FNGB ETNs are expected to trade under the ticker symbol “FNGU.”<\/p>\n

For the first 6 months after the Initial Trade Date, the Daily Investor Fee for the FNGB ETNs will be discounted, based on a rate of 0.35% per annum. Thereafter, the Daily Investor Fee will be based on a rate of 0.95% per annum. See the ETN Prospectus for the FNGB ETNs for more information regarding the fees and charges applicable to the FNGB ETNs.<\/p>\n

\n Additional Information Related to the Redemption of the FNGU ETNs<\/b>\n <\/p>\n

BMO intends to send a notice of redemption to holders of the FNGU ETNs on May 1, 2025<\/span>. The Call Calculation Date will be the Index Business Day after the call notice is issued, which is expected to be May 2, 2025<\/span>. The Call Measurement Period will be the five Index Business Days from and including the Call Calculation Date, which are expected to be May 2, 2025<\/span>, May 5, 2025<\/span>, May 6, 2025<\/span>, May 7, 2025<\/span> and May 8, 2025<\/span>. The Call Measurement Period is subject to postponement in the event of a market disruption event as described in the ETN Prospectus for the FNGU ETNs. The Call Settlement Date will be the fifth Business Day following the last Index Business Day in the Call Measurement Period, which is expected to be May 15, 2025<\/span>.<\/p>\n

On the Call Settlement Date, holders of the FNGU ETNs will receive a cash payment equal to the Call Settlement Amount. The Call Settlement Amount will be determined in accordance with the terms of the FNGU ETNs and will be equal to the arithmetic mean of the closing Indicative Note Values on each Index Business Day in the Call Measurement Period. BMO will pay the applicable Call Settlement Amount to investors holding the FNGU ETNs on the applicable Call Settlement Date. Please refer to the ETN Prospectus for the FNGU ETNs for the additional information on the calculation of the Call Settlement Amount and the closing Indicative Note Values.<\/p>\n

The FNGU ETNs will be delisted from the NYSE prior to the open of trading on the Call Settlement Date. Accordingly, the last day of trading for the FNGU ETNs is expected to be May 14, 2025<\/span>.<\/p>\n

Holders of the FNGU ETNs may choose to continue to hold their securities until the Call Settlement Date, or may choose to redeem their securities on or prior to May 1, 2025<\/span>, in accordance with the terms of the FNGU ETNs, or sell their securities in the secondary market. BMO has announced the waiver of the minimum early redemption size for the FNGU ETNs. Prior to the waiver, holders of the FNGU ETNs were required to redeem at least 25,000 ETNs at one time in order to exercise their right to redeem them.<\/p>\n

\n Disclosures<\/b>\n <\/p>\n

\n The issuance of this notice of our election to exercise our call right in whole may adversely impact your ability to sell the FNGU ETNs and\/or the price at which you may be able to sell your FNGU ETNs prior to the Call Settlement Date.<\/b>\u00a0<\/p>\n

\n Investors who purchase the FNGU ETNs at any time prior to the Call Settlement Date for an amount that is greater than the applicable Call Settlement Amount that they will receive on the Call Settlement Date will suffer a loss on their investment. Furthermore, investors who sell the FNGU ETNs at any time prior to delisting for an amount that is less than the applicable Call Settlement Amount they would have received on the Call Settlement Date will also suffer a loss. In either case, such losses could be significant. Investors will not receive any other compensation or amount for the loss of the investment opportunity of holding the FNGU ETNs. <\/b>\n <\/p>\n

\n The FNGB ETNs are not intended to be “buy and hold” investments, and are not intended to be held to maturity. Instead, the FNGB ETNs are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The FNGB ETNs are designed to reflect a 3\u00d7 leveraged long exposure to the performance of the Index on a daily basis, before taking into account the negative effect of the fees and charges. However, due to the daily resetting leverage, the returns on the FNGB ETNs over different periods of time can, and most likely will, differ significantly from three times the return on a direct long investment in the Index. The FNGB ETNs are designed to achieve their stated investment objectives on a daily basis. The performance of the FNGB ETNs over different periods of time can differ significantly from their stated daily objectives. The FNGB ETNs are considerably riskier than securities that have intermediate- or long-term investment objectives, and are not suitable for investors who plan to hold them for a period of more than one day or who have a “buy and hold” strategy. Investors should actively and continuously monitor their investments in the FNGB ETNs on an intra-day basis, and any decision to hold the FNGB ETNs for more than one day should be made with great care and only as the result of a series of daily (or more frequent) investment decisions to remain invested in the FNGB ETNs for the next one-day period. The FNGB ETNs are very sensitive to changes in the level of the Index, and returns on the FNGB ETNs may be negatively impacted in complex ways by the volatility of the Index on a daily or intraday basis. It is possible that you will suffer significant losses in the FNGB ETNs even if the long-term performance of the Index is positive. Accordingly, the FNGB ETNs should be purchased only by sophisticated investors who understand and can bear the potential risks and consequences of the FNGB ETNs that are designed to provide exposure to the leveraged performance of the Index on a daily basis and that will be highly volatile and may experience significant losses, up to the entire amount invested, in a short period of time. <\/b>\n <\/p>\n

For additional information, including a discussion of the risks relating to an investment in the ETNs, please carefully read the applicable pricing supplement and related documents that we have filed with respect to the ETNs (each, an “ETN Prospectus<\/b>“). Investors should review the relevant ETN Prospectus carefully prior to making an investment decision.<\/p>\n

The ETN Prospectus relating to the each of the ETNs can be found on EDGAR, the Securities and Exchange Commission (the “SEC<\/b>“) website at:\u00a0www.sec.gov<\/a>, as well as on the product websites at the following links: www.bmoetns.com<\/a>\u00a0and www.microsectors.com<\/a>\u00a0<\/p>\n

Bank of Montreal<\/span>, the issuer of each series of the ETNs, has filed a registration statement (including a pricing supplement, product supplement (if applicable), prospectus supplement and prospectus) with the SEC regarding each of series of the ETNs. Please read those documents and the other documents relating to these securities that Bank of Montreal<\/span> has filed with the SEC for more complete information about Bank of Montreal<\/span> and the applicable securities. These documents may be obtained without cost by visiting EDGAR on the SEC website at www.sec.gov<\/a>. Alternatively, Bank of Montreal<\/span>, and any agent or dealer that participated in the offering of the ETNs, will arrange to send the applicable pricing supplement, the product supplement (if applicable), the prospectus supplement and the prospectus if so requested by calling toll-free at 1-877-369-5412.<\/p>\n

The ETNs are senior, unsecured obligations of BMO, and are subject to BMO’s credit risk.<\/p>\n

Investment suitability must be determined individually for each investor, and the ETNs are not suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own financial advisors as to these matters.<\/p>\n

\n About REX Shares<\/b>\n <\/p>\n

REX Shares (“REX<\/b>“) is a leading provider of innovative exchange-traded products (ETPs), specializing in alternative strategy ETFs and ETNs. With over $8 billion<\/span> in assets under management, REX is known for pioneering the MicroSectors\u2122 and T-REX product lines, offering leveraged and inverse exposure to a variety of market sectors. REX also provides a number of services for its crypto<\/span>-focused sister company, Osprey Funds, LLC. REX continues to drive industry innovation through its growing suite of ETPs, serving investors seeking sophisticated trading tools, income strategies, and other alternative exposures.<\/p>\n

For more information, please visit\u00a0www.rexshares.com<\/a><\/u>\u00a0or\u00a0www.microsectors.com<\/a><\/u><\/p>\n

Follow REX\u00a0(@REXShares<\/a><\/u>) and MicroSectors\u00a0(@msectors<\/a><\/u>) on X.<\/p>\n

REX Media Contacts:\u00a0rexshares@gregoryfca.com<\/a><\/p>\n

\n About BMO Financial Group<\/b>\n <\/p>\n

BMO Financial Group is the eighth largest bank in\u202fNorth America\u202fby assets, with total assets of\u202f$1.41 trillion as of\u202fOctober 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across\u202fCanada,\u202fthe United States<\/span>, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good\u202fin business and life<\/i>, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.<\/p>\n

\n Internet<\/b>: www.bmo.com<\/a><\/p>\n

The NYSE FANG+\u00ae<\/sup> Index is a product of ICE Data Indices, LLC (“ICE Data<\/b>“) and is used with permission. ICE\u00ae<\/sup> is a registered trademark of ICE Data or its affiliates. NYSE\u00ae<\/sup> is a registered trademark of NYSE Group, Inc., an affiliate of ICE Data and is used by ICE Data with permission and under a license. ICE Data and its Third Party Suppliers accept no liability in connection with the use of the NYSE FANG+\u00ae<\/sup> Index or marks. See the applicable ETN Prospectus for a full copy of the Disclaimer.<\/p>\n

MicroSectors\u2122 and REX\u2122 are trademarks of REX. The trademarks have been licensed for use for certain purposes by REX. The indices have been licensed for use by REX. The ETNs are not sponsored, endorsed, sold or promoted by REX or any of its affiliates or third party licensors (collectively, “REX Index Parties<\/b>“). REX Index Parties make no representation or warranty, express or implied, to the owners of the ETNs or any member of the public regarding the advisability of investing in securities generally or in the ETNs particularly or the ability of the indices to track general stock market performance.<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3O-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-note-etn-the-microsectorstm-fang-3O-l-302380843.html<\/a><\/p>\n

SOURCE BMO Financial Group<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK , Feb. 19, 2025 \/PRNewswire\/ – Bank of Montreal (“BMO“) announced today (i) its intention to redeem all of the outstanding securities of its MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the “FNGU ETNs“); (ii) its plan to change the ticker symbol for the FNGU ETNs; and (iii) the launch of a new ETN, the MicroSectors\u2122 FANG+\u2122 3\u00d7 Leveraged ETNs\u00a0due January 23, 2045, CUSIP:\u00a0063679385\u00a0(the “FNGB\u00a0ETNs“), which is expected to reuse the “FNGU” ticker symbol at a later date. \u00a0\u00a0 The table below summarizes the announcements being made with respect to the FNGU ETNs and the FNGB ETNs. ETN Title \u00a0 CUSIP Current ETN Ticker Symbol ExpectedETN Ticker Symbol Expected Call Settlement … <\/p>\n

Continue reading “BMO Announces Upcoming Redemption and Ticker Symbol Change for MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs (Ticker: FNGU) as well as the Launch of a New MicroSectorsTM Exchange Traded Note (“ETN”), the MicroSectorsTM FANG+\u2122 3\u00d7 Leveraged ETNs (Ticker: FNGB)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-815250","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBMO Announces Upcoming Redemption and Ticker Symbol Change for MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs (Ticker: FNGU) as well as the Launch of a New MicroSectorsTM Exchange Traded Note ("ETN"), the MicroSectorsTM FANG+\u2122 3\u00d7 Leveraged ETNs (Ticker: FNGB) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BMO Announces Upcoming Redemption and Ticker Symbol Change for MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs (Ticker: FNGU) as well as the Launch of a New MicroSectorsTM Exchange Traded Note ("ETN"), the MicroSectorsTM FANG+\u2122 3\u00d7 Leveraged ETNs (Ticker: FNGB) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Feb. 19, 2025 \/PRNewswire\/ – Bank of Montreal (“BMO“) announced today (i) its intention to redeem all of the outstanding securities of its MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the “FNGU ETNs“); (ii) its plan to change the ticker symbol for the FNGU ETNs; and (iii) the launch of a new ETN, the MicroSectors\u2122 FANG+\u2122 3\u00d7 Leveraged ETNs\u00a0due January 23, 2045, CUSIP:\u00a0063679385\u00a0(the “FNGB\u00a0ETNs“), which is expected to reuse the “FNGU” ticker symbol at a later date. \u00a0\u00a0 The table below summarizes the announcements being made with respect to the FNGU ETNs and the FNGB ETNs. ETN Title \u00a0 CUSIP Current ETN Ticker Symbol ExpectedETN Ticker Symbol Expected Call Settlement … Continue reading "BMO Announces Upcoming Redemption and Ticker Symbol Change for MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs (Ticker: FNGU) as well as the Launch of a New MicroSectorsTM Exchange Traded Note (“ETN”), the MicroSectorsTM FANG+\u2122 3\u00d7 Leveraged ETNs (Ticker: FNGB)"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-19T23:16:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO23218&sd=2025-02-19\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BMO Announces Upcoming Redemption and Ticker Symbol Change for MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs (Ticker: FNGU) as well as the Launch of a New MicroSectorsTM Exchange Traded Note (“ETN”), the MicroSectorsTM FANG+\u2122 3\u00d7 Leveraged ETNs (Ticker: FNGB)\",\"datePublished\":\"2025-02-19T23:16:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\\\/\"},\"wordCount\":2372,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=TO23218&sd=2025-02-19\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-announces-upcoming-redemption-and-ticker-symbol-change-for-microsectorstm-fang-index-3x-leveraged-etns-ticker-fngu-as-well-as-the-launch-of-a-new-microsectorstm-exchange-traded-n\\\/\",\"name\":\"BMO Announces Upcoming Redemption and Ticker Symbol Change for MicroSectorsTM FANG+\u2122 Index 3\u00d7 Leveraged ETNs (Ticker: FNGU) as well as the Launch of a New MicroSectorsTM Exchange Traded Note (\\\"ETN\\\"), the MicroSectorsTM FANG+\u2122 3\u00d7 Leveraged ETNs (Ticker: FNGB) - 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